LRC has broken down from a bearish megaphone pattern into a parallel channel. Channel middle happens to be our support which took us in to a nice cup and handle pattern. stoch RSI is in perfect spot to make a move up into purple resistance zone. side note BTC has also made this pattern do able breaking from descending wedge pattern. if BTC holds we will see some good resistance from purple box, if BTC breaks out even more to the 51k-56k range expect a further increase into the .60s
Note
since btc move up lrc has yet to see the vol increase we need. still waiting on pump. we will see how the week finishes out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.